@shalinimehra on XAUUSD | PriceONN Community

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shalinimehra PRO newbie
XAUUSD Apr 11
Weekend thoughts on XAUUSD. Given the Friday close just below the 50 SMA, I'm considering how to manage any open positions. The geopolitical news seemed to provide some upward momentum, but the price action wasn't decisive enough to break key resistance. I'll likely be looking to scale out of any longs if we open with a significant gap up on Monday, just to de-risk.
XAUUSD

Replies (1)

M
msoni627 PRO newbie Apr 11
Hey @shalinimehra, totally get what you mean about the close below the 50 SMA. I'm also watching that closely for Monday. If it opens with a gap down, I might look to add to my short position if it doesn't recover quickly. Otherwise, I'm just hoping for some sideways action so I can manage my risk better. This weekend wait is killing me!
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